frontier area 1 and 1/2 times the size of the North Sea comprising
9 sedimentary basins with limited exploration on the shelf areas only.
The basins display varied structural styles, a thick sedimentary section
(over 10 km or 33,000 ft) the presence of evaporites, and appear to
be mostly oil-prone.
petroleum systems combined with large anticlinal structures. Several
prospects with shallow drill depth (2000 mts) and in technologically
manageable water depths (1300 to 1600 mts) have been conclusively
bottom samples and core holes indicate that the Davie Fracture Zone
is not of volcanic origin but a more recent wrench fault zone similar
to the San Andreas fault oil province of California.
of expulsion and migration of hydrocarbons synchronous with the growth
of the anticlinal structures.
presence of large fossil oilfields in Madagascar (Bemolanga 21 billion
barrels of reserves; Tsimiroro 8 billion barrels of reserves) and
gas in Mozambique (Pande-Temane gas field: 3 Tcf recoverable; now
being developed commercially with gas being piped to South Africa).
geological/geophysical report (text plus 70 enclosures in electronic
format) based on 31,000 Km of single and multi-channel 2D seismic
(including 2200 Km of strategically positioned 98 fold CDP coverage
acquired in 2001) tied to existing well control. Until recently, most
of these data were not available for petroleum exploration purposes.
Welcoming governments with attractive PSC terms and the proximity
to the traditional tanker routes to Europe and the Far East. Large
amount of open acreage.
marine facilities at Diego Suarez, Madagascar, as supply base, manufacturing
Narinda Bay (northwest coast of Madagascar) provides an excellent
location for platform assembly and/or construction.
- The Mozambique
Channel is comparable to the North Sea in the mid-sixties when the discovery
of a large gas field to the south (Groningen) attracted the attention
to an area which is now established as a major petroleum producing province.